Tag Archives: Bloomberg Businessweek

Innovation posts of the week: The Business Models Investors Prefer

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Innovation posts of the week: Can You Really Incubate the Next Big Thing?

Why even the way we innovate must change by @simonmanwaring

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Innovation posts of the week: Are you improving or innovating?

What did I miss?

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Innovation posts of the week: 6 interpretations of innovation

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Employees don’t need permission to create or innovate

contribute ideas

Tell me and I’ll forget.

Show me and I may remember.

Involve me and I’ll understand.

– Confucius

Now is as good time to really start thinking about embedding innovation into the DNA of your company. A recent asks readers if taking risks is more important than stability. Fifty-four percent of the 602 respondents who answered the question said “taking risks” is more important, and the remaining 46% said “stability.”

What caught my attention even more is that readers think that by “encouraging employees to submit ideas for new products” will most likely inspire risk taking, while appointing a Chief Innovation Officer is less likely.

While I think this is a good start, I think this is a problem of perception where another title with a fancy name is indicative of another boss. You should always encourage employees to submit ideas for new products/services, but if you want to create a company wide religion of innovation you need someone to lead the charge.